Agile Payments Blog

Gene Krause

Gene has been consulting businesses of all sizes for 20 years and providing them with strategic payments and gateway integrations.

Recent Posts

3 min read

Property Management, Leveraging an ACH Integration

By Gene Krause on Sep 19, 2019 12:59:12 PM

Property management applications are extremely popular today. There is rarely a week that goes by where we are not contacted by a software application that serves property management in some way or another. Often, we are discussing payments solutions with many at one time.

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2 min read

Is ACH a Requirement for Applications With a Recurring Payments Component?

By Gene Krause on Sep 10, 2019 3:48:16 PM

Applications that have a subscription component can differ in many ways, but almost universally there is an advantage for the application to integrate to an ACH API for origination and management of recurring payments. requirement, maybe not. Advantage to integrate and offer, most certainly.

One of the common problems that subscription based applications

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3 min read

ACH Payment Facilitation

By Gene Krause on Jul 15, 2019 10:34:16 AM

The ACH Facilitator : What you must know

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4 min read

SaaS - Expanding Market Reach to Canada With Payments

By Gene Krause on May 28, 2019 2:15:18 PM

Have a software application with a payments requirement and want to enter the Canadian market? We'll show you how.
Overview
Payment Rails
EFT API
Processing Costs
Recurring Payments
Payment Facilitation

Overview: For software applications, especially those that serve a vertical base of client user organizations, one logical way to expanding market reach is to open up the application to countries outside your initial geographical focus. Often the logical choice is a near or adjoining country. In the case of applications that were born is the United States the choice is commonly Canada.

Topics: Canada
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2 min read

Canadian EFT - API Integration

By Gene Krause on Mar 22, 2019 11:28:00 AM

Many organizations are stuck in the world of managing their Canada EFT transactions by way of file submission. In some cases using antiquated windows software that is limited at best in ongoing maintenance. Fortunately there are Canadian EFT API integrations available.

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3 min read

Why the Payment Aggregator Business Model is Compelling

By Gene Krause on Mar 21, 2019 8:00:00 AM

Payment Aggregation, or Payment Facilitation (Payfac), allows a SaaS company to act as a master merchant for its users. The SaaS provider onboards its clients via a fairly non-intrusive application process, and this easy, fast onboarding makes it simple for the SaaS company’s users to begin accepting customer payments very quickly.

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3 min read

Checklist for Finding the Best Payment Aggregation Partner

By Gene Krause on Mar 20, 2019 2:16:00 PM

The number of SaaS companies looking into payment processing on behalf of their customers is growing rapidly. More and more companies are looking at Payment Aggregation | Payment Facilitation as an attractive option to provide a service that offers fast, easy onboarding for their customers and generate new revenue streams in the process.  

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5 min read

Why WePay is Wrong About PayFac ROI

By Gene Krause on Mar 19, 2019 12:12:42 PM

Recently, PYMNTS, a leading payments and commerce industry news site published a piece on PayFacs based on an interview with WePay co-founder Richard Aberman.

Hyperbole aside, we want to examine Mr. Aberman’s view and provide some balance to the conversation for companies exploring payment facilitation.

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2 min read

Where are the ACH API Providers?

By Gene Krause on Mar 18, 2019 2:40:00 PM

ACH API Providers are organizations that provide an API for the purpose of integrating a software application to originate and manage ACH transactions. 

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4 min read

7 Must-Haves in a Payment Facilitation Partner

By Gene Krause on Mar 18, 2019 12:40:00 PM

As the idea of Payment Facilitation gains traction, more and more SaaS companies are exploring becoming a PayFac. Conceptually, it is an attractive feature to introduce: fast, easy, onboarding and new means of revenue generation. In fact, independent software vendors and SaaS companies are poised to generate $4.4 billion in revenue from payment processing alone by 2021.

There exists a number of issues that need consideration prior to becoming a Payment Facilitator or Payfac, however.  While the benefits of facilitation are clear, companies cannot overlook the essentials of selecting a facilitation partner. The nature of your partnership will be key in ensuring appropriate customer service, profit generation and risk or liability mitigation.

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2 min read

Can an ACH API benefit your organization? 2019 Version

By Gene Krause on Feb 25, 2019 2:49:00 PM

ACH payments and disbursements aren’t new. ACH payments have been around since 1974, and by the end of 2016, the total volume of ACH processing exceeded $40 trillion. If you have made monthly AutoPay payments for your mortgage, paid a credit card bill or received salary as direct deposit, those transactions were via ACH.Any SaaS application that has a user base with recurring or subscription payments needs must include ACH payments as a payment rail option. In many cases ACH should be the defacto payment method for anything recurring. The simple fact is that ACH transactions have much lower processing costs than do credit card transactions. Further, credit card decline rates can cause havoc with recurring payments because of much higher decline rates. How the SaaS development team decides to manage recurring payments should be their choice. They may opt to utilize the ACH API’s recurring scheduling system or, manage the recurring schedule within their application.

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2 min read

Why an ACH Processing API? 2019 Guide

By Gene Krause on Feb 25, 2019 2:46:00 PM

For software applications that have an end-user base in a subscription model or include recurring transactions, an ACH Processing API is a must. Sure, few of these SaaS applications would want to discount the use of credit card processing because it's a commonly used payment modal, but being subscription based sets the application into an area of knowing their customer base much differently than some business that sells widgets on a one-time basis to consumers that might never revisit or occasionally purchase goods or services. Moreover, customers of these subscription based businesses more than likely rely on receiving their goods or services that the organization and SaaS provides.

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2 min read

What are your eCheck API requirements for 2019?

By Gene Krause on Feb 25, 2019 2:45:00 PM

If you're part of a SaaS dev team or a stakeholder and have determined that your application has a need for an eCheck API, have you defined your requirements?

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2 min read

ACH Payment API Requirement Considerations for 2019

By Gene Krause on Feb 25, 2019 2:44:00 PM

Many software applications have a need to accept payments, and many require the need to integrate payments functionality via an API. For some of these application organizations, integrating to a credit card API isn't enough and have a need to integrate to an ACH Payment API.

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2 min read

So You Need an ACH Transfer API - 2019

By Gene Krause on Feb 25, 2019 2:43:00 PM

What is an ACH Transfer API, anyway? Quite simply, it's an API that provides the ability for a software application to integrate ACH processing capabilities for the purpose of providing the application to originate, manage and report on the transfer of funds between bank accounts.

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2 min read

ACH API Provider 2019, what is needed?

By Gene Krause on Feb 25, 2019 2:42:00 PM

If your organization is looking to integrate ACH payment processing, you likely have compiled a list of what your requirements are that are needed from the ACH API Provider. Integrating organizations can differ greatly in their needs, so be sure to have your transaction flows documented.

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2 min read

ACH Processing API 2019

By Gene Krause on Feb 25, 2019 2:41:00 PM

An ACH Processing API transforms a software application into becoming an eCheck payment processing and management platform. Whether for the purpose of managing and distributing payroll, or collecting funds for customer subscriptions, integrating for ACH payments can be a powerful addition to an SaaS.

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2 min read

Considering an ACH Payments API in 2019

By Gene Krause on Feb 25, 2019 2:39:00 PM

Software organizations that serve a customer base having recurring payments can better position themselves by integrating to an ACH Payments API. There are many reasons this is true, but the underlying fact that allows this is that these type organizations have a customer base of a subscription nature and who know their customers well.

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1 min read

The Search for an API for ACH Payments 2019

By Gene Krause on Feb 25, 2019 2:39:00 PM

Organizations who serve a customer base that is of a recurring of subscription nature will at one time or another seek out an API for ACH Payments. It is these types of applications that benefit greatly from ACH transactions.

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3 min read

Does an ACH Integration Make Sense?

By Gene Krause on Feb 12, 2019 6:36:41 PM

Some applications are more favorably aligned with acceptance of eCheck (ACH) transactions than others. Applications that are proprietary and align themselves well with eCheck acceptance and only support their business can often start out with using an external transaction management tool for payment origination and management. On the other hand, applications that are used my multiple organizations or businesses are far less likely in being able to get by with utilizing an external payment management tool. Let's examine some key areas that factor in to whether and when an ACH Integration might make sense.

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3 min read

IVR Payments - Not Just For Inbound Calls

By Gene Krause on Jan 29, 2019 10:58:25 AM

Businesses that have employed Interactive Voice Response technologies for acceptance of payments are generally more familiar with an IVR solution that focuses on inbound calls. Inbound IVR Payments do a wonderful job at eliminating customer service time spent on the phone where they provide customers their invoice amounts and details about the receivables, then collecting payment information where they enter it into whatever payment origination software that they are using for processing. 

Topics: IVR Payments
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2 min read

ACH Payment Gateway API

By Gene Krause on Oct 17, 2018 2:35:36 PM

While the ACH network is still a batch network, utilizing an ACH Payment Gateway API can do wonders for software applications in enhancing their capabilities by communicating with a real-time communication integration. Let's examine some of the modern communication tools available from these ACH gateways.

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2 min read

Bill Presentment Solutions

By Gene Krause on Sep 10, 2018 3:51:42 PM

The days of organizations mailing out invoices and billing statements to their customers are slowly but surely coming to an end. Technology is making sure of that. What's replacing snail-mailed billing statements? It's not just one particular service type, but near the top of the list would be Bill Presentment Solutions

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2 min read

Why Electronic Bill Payment Services?

By Gene Krause on Aug 31, 2018 8:08:00 AM

As the populations ages and customers of a younger age become bill payers of businesses and organizations, the greater the need for payment remittance to be accomplished through electronic systems. Electronic Bill Payment Services is one such system that businesses should consider adopting. Here's why.

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2 min read

Top 3 reasons your organization can benefit from  Electronic Bill Presentment Companies

By Gene Krause on Aug 30, 2018 3:49:36 PM

Businesses and organizations who rely on customer service agents to handle incoming calls for billing payment remittance are at the top of the list for those who can best benefit from adopting systems from Electronic Bill Presentment Companies. Let's examine some reasons why...

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